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ECOLAB ENTERS INTO LETTER OF INTENT TO SELL CHEMLAWN BUSINESS

 ECOLAB ENTERS INTO LETTER OF INTENT TO SELL CHEMLAWN BUSINESS
 ST. PAUL, Minn., April 27 /PRNewswire/ -- Ecolab Inc. (NYSE: ECL) and The ServiceMaster Company Limited Partnership (NYSE: SVM) announced today that they have entered into a letter of intent whereby a subsidiary of ServiceMaster proposes to acquire Ecolab's ChemLawn landscape care business. Terms and conditions of the proposed acquisition were not disclosed.
 The proposed acquisition, which is subject to negotiation of definitive agreements, approval by the respective boards of directors, and any required regulatory approvals, is expected to be completed on or about June 1, 1992.
 Ecolab is a leading worldwide developer and marketer of premium cleaning, sanitizing and maintenance products and services for the hospitality, institutional and industrial markets. Ecolab's shares are traded on the New York Stock Exchange and Pacific Stock Exchange under the symbol ECL.
 -0- 4/27/92
 /CONTACT: Reid J.D. Dabney of Ecolab, 612-293-2482.
 (ECL SVM) CO: Ecolab Inc.; ServiceMaster Company Limited Partnership ST: Minnesota IN: CHM SU: TNM


DS -- MN004 -- 2936 04/27/92 08:29 EDT
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Publication:PR Newswire
Date:Apr 27, 1992
Words:174
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